Posts Tagged ‘Ford Q3 financials’

Ford Profits Rise 63 Percent in Third Quarter

Truck sales, cost cutting helps lead the way.

by on Oct.26, 2017

Ford CEO Jim Hackett said the company is getting itself in a better position for the future with its Q3 results.

This story has been updated with new information.

Ford enjoyed a strong third quarter, reporting a 63% rise in net income to $1.6 billion, or 39 cents per share, on revenue of $36.5 billion, largely on cost control measures and strong truck sales in North America.

The company’s operating profit for the third quarter was $2 billion or 43 cents per share, which was up 40% compared with year-ago period.

Financial News!

“I want to smile with the results today because we’re going to build on this going forward,” said Ford CEO Jim Hackett during a conference call.  (more…)